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Ubisoft Achieves Record Bookings in 2023
French gaming giant Ubisoft has unveiled its fiscal year 2023 report, highlighting a 27% surge in sales to €2.3 billion ($2.5 billion). Key takeaways for the 12-month period ending March 31, 2024, include: - Sales: €2.3 billion ($2.5 billion), up 27% year-over-year - Net bookings: €2.32 billion ($2.52 billion), up 34% year-over-year - Operating income: €313.6 million ($341 million), a significa…
May 15, 2024, 7:56 p.m.
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Starbreeze Appoints Mats Juhl as Interim Chief Executive Officer
Starbreeze has made the announcement that Mats Juhl, the company's current Chief Financial Officer, will be taking on the role of interim CEO. Juhl is set to assume his new position until a permanent CEO is appointed. He will be replacing Juergen Goeldner, who will be transitioning into the role of chairman of the board. Goeldner had been serving as interim CEO since March, following the departur…
May 15, 2024, 1:27 p.m.
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IO Interactive Appoints Ulas Karademir as Chief Technology Officer
IO Interactive, the development studio behind Hitman and the upcoming Project 007, has announced the appointment of Ulas Karademir as its new Chief Technology Officer. This marks Karademir's return to the company, where he previously spent seven years before departing in 2014. Since then, he has held key roles at Unity, serving as Vice President of Core Engineering, Graphics, Operations, and Prod…
May 15, 2024, 1 p.m.
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Former Bandai Namco Employee Arrested Over Alleged Misuse of Company Funds
A former Bandai Namco staff member, Yoichi Toyosumi, has been taken into custody on suspicion of embezzlement. According to reports from The Japan Times, Toyosumi is accused of misappropriating company assets, including smartphones and other items, worth around $345,300 in 2020. His role at Bandai Namco involved managing mobile devices used for game development. It is alleged that Toyosumi sold u…
May 15, 2024, 11:12 a.m.
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UK Government Addresses Concerns Over Video Game Preservation
A recent campaign, Stop Killing Games, has sparked a response from the UK government regarding the practice of rendering older video games unplayable by withdrawing online support. The campaign's petition, which garnered over 10,000 signatures, prompted a statement from the Department of Culture, Media & Sport. The Department clarified that while there is no legal requirement for companies to mai…
May 15, 2024, 10:37 a.m.
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Regulatory Probe Launched into PS Store and Steam over Anti-Competitive Concerns
Poland's competition watchdog, the Office of Competition and Consumer Protection, has initiated an investigation into prominent digital gaming platforms, including Steam and the PlayStation Store, over suspected anti-competitive behaviors. Following an inspection at Sony's Polish headquarters and visits to two unnamed game developers and publishers, the regulator will scrutinize the collected evi…
May 15, 2024, 9:31 a.m.
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Crystal Dynamics Partners with Amazon to Develop New Tomb Raider Film and Streaming Content
Crystal Dynamics, a subsidiary of Embracer Group, has entered into a new agreement with Amazon MGM Studios to produce fresh Tomb Raider content for film and streaming platforms. Phoebe Waller-Bridge, known for her work on Fleabag, Killing Eve, and Indiana Jones and the Dial of Destiny, will serve as writer and executive producer for the Tomb Raider series on Amazon Prime Video. The series is set …
May 14, 2024, 7:24 p.m.
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VaultN Raises $1.6 Million in Seed Funding to Fuel Business Growth
VaultN, a distribution platform, has successfully secured $1.6 million in funding from its seed round. Founded in 2021 and headquartered in the Netherlands, the company facilitates direct and on-demand key transactions for its users. The newly acquired funds will be utilized to broaden VaultN's scope by venturing into the distribution of mobile games. The funding round was led by PixCapital and t…
May 14, 2024, 6:10 p.m.
News
Nintendo Emerges Unscathed as Two Joy-Con Lawsuits Are Dropped
A pair of lawsuits alleging that Nintendo knowingly sold faulty Joy-Con controllers for the Nintendo Switch have been dismissed. According to Game File, the cases in question were Diaz vs. Nintendo, which was filed in 2019, and Carbajal vs. Nintendo, which was initiated in 2020. Both Nintendo and the parents who brought the lawsuits on behalf of their children requested that the cases be dismisse…
May 14, 2024, 3:49 p.m.
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GameStop Stock Surges Following Meme Icon's Social Media Return
A significant spike in GameStop shares has been observed this week, prompted by the return of Keith Gill, famously known as Roaring Kitty, to social media. His first post in almost three years appeared on Twitter/X on Sunday night, featuring an image of a person holding a controller in a relaxed position, followed by eleven additional posts that compiled edited clips from various movies, shows, s…
May 14, 2024, 2:47 p.m.